R WORKS
ActiveR WORKS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €3k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 9384 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+57
Solvency16▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.6 in 2024), and 81.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9384 sector peers (2025).
NBB · sector comparisonPosition among 9384 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 27-01-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
21 d late
2020
13 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close14-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 13.0%
2024 · €21k
2019: €9k
2020: €11k
2021: €13k
2022: €16k
2023: €25k
2024: €21k
2019 → 2025
Total assets
€133k▲ 5.4%
2024 · €126k
2019: €25k
2020: €115k
2021: €124k
2022: €114k
2023: €129k
2024: €126k
2019 → 2025
Net result
€3k
2024 · €-4k
2019: €3k
2020: €2k
2021: €1k
2022: €3k
2023: €9k
2024: €-4k
2019 → 2025
Working capital
€-19k▲ 9.5%
2024 · €-21k
2019: €6k
2020: €-15k
2021: €-26k
2022: €-18k
2023: €-13k
2024: €-21k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€16k▲ 24.0%€25k▲ 59.0%€21k▼ 15.3%€24k▲ 13.0%
Operating result€6k-€15k▲ 149%€15k=€3k▼ 83.2%€8k▲ 223%
Net result€1k-€3k▲ 108%€9k▲ 205%€-4k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 223% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€88k▼ 7.0%
Current assets
€44k▲ 44.3%
Equity and liabilities €133k
Equity
€24k▲ 13.0%
Debt
€109k▲ 3.9%
The debt ratio falls from 83.1% to 81.9%: equity grows faster than debt.
Key figures and ratios
EBITDA
€15k▲
2024 · €11k
Cash flow
€9k▲
2024 · €4k
Solvency
18.1%▲
2024 · 16.9%
Current ratio
0.70▲
2024 · 0.60
Quick ratio
0.70▲
2024 · 0.60
Debt / equity
4.52▼
2024 · 4.91
ROE
11.5%▲
2024 · -18.0%
ROA
2.1%▲
2024 · -3.0%
Interest coverage
11.78▲
2024 · 6.71
Debt
€109k▲
2024 · €104k
Debt ≤ 1 year
€63k▲
2024 · €51k
Debt > 1 year
€46k▼
2024 · €53k
Income taxes
€3k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€126k€133k▲
Fixed assets21/28€95k€88k▼
Tangible fixed assets22/27€95k€88k▼
Land and buildings22€86k€83k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€31k€44k▲
Amounts receivable within one year40/41€25k€38k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€20k€32k▲
Cash at bank and in hand54/58€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€126k€133k▲
Equity10/15€21k€24k▲
Contributions10/11€6k€6k=
Reserves13€19k€22k▲
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Distributable reserves133€19k€21k▲
Profit (loss) carried forward14€-4k€-4k=
Amounts payable17/49€104k€109k▲
Amounts payable after more than one year17€53k€46k▼
Financial debts170/4€53k€46k▼
Amounts payable within one year42/48€51k€63k▲
Current portion of amounts payable after more than one year42€8k€8k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€30k€17k▼
Taxes450/3€28k€17k▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€11k€32k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€476€1k▲
Non-recurring operating charges66A€2k€2k▲
Gross operating margin9900€13k€18k▲
Operating profit (loss)9901€3k€8k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€2k€1k▼
Non-recurring financial charges66B€4k€1k▼
Profit (loss) for the period before taxes9903€-3k€6k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-4k€3k▲
Profit (loss) for the period to be appropriated9905€-4k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-1k▲
Profit (loss) brought forward from the previous period14P€12€-4k▼
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-05
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-05
Financial
Weakest financial yearnet €-4k ▼141%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-05
Financial
Highest result since 2019net €9k ▲205%
Operating result €15k, net result €9k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-07-2021
Resigned as Director
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oostduinenlaan(Odk) 228670 KoksijdeGround area
1,871 m²
Building footprint
343 m²
Volume, LiDAR
1,522 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R WORKS
since 20172.265.996.808
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A0358/00D000 | Flanders | 1,181 m² | 1 · 204 m² | 8.5 m · 2 fl. |
| 38018A0744/00_000 | Flanders | 690 m² | 1 · 139 m² | 4.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A.J.B. INTERIEUR
BE 0457.572.754
Elsene · Eq €24k
REAL MANAGEMENT COMPANY
BE 0439.738.117
Sint-Lambrechts-Woluwe · Eq €24k
Kaijù
BE 0742.498.673
Sint-Gillis (bij-Brussel) · Eq €24k
S DESIGN
BE 0475.641.478
Halle · Eq €24k
CELINE SERAN
BE 0508.627.913
Sint-Gillis (bij-Brussel) · Eq €24k
Of 3,911 companies in sector 71112 we hold annual accounts for 1,290. 991 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2017
Fiscal year end31-05
Activities, NACEBEL
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.